Cheapest Homeowners Insurance in Wyoming (2024 Rates)

In Wyoming, you'll find various cost-effective home insurance options tailored to your needs. AMCO Insurance stands out as the most affordable choice, offering competitive rates for homeowners across the state. Additionally, if you're looking for bundle options, State Farm is your go-to company for affordability and comprehensive coverage.

Wyoming's most affordable home insurance provider is AMCO Insurance, offering the lowest rate for $100K in dwelling coverage at $495 per year. However, changing your dwelling coverage limits can significantly impact your home insurance premiums.

The most affordable provider across different coverage levels in Wyoming is AMCO Insurance. See how their rates stack up:

• Cheapest for $100,000: AMCO Insurance at $495 per year
• Cheapest for $250,000: AMCO Insurance at $1,079 per year
• Cheapest for $500,000: AMCO Insurance at $2,258 per year

See how costs fluctuate based on your dwelling coverage using MoneyGeek's cheap home insurance table.

In Wyoming, the key to affordable home insurance is getting quotes from different insurance providers. MoneyGeek’s home insurance calculator facilitates this, providing Wyoming quotes without needing your personal information upfront.

In Wyoming, AMCO Insurance is the most affordable provider for high-value homes, charging an annual average of $3,616 for $750K in dwelling coverage. Typically, high-value homes need higher limits, which is why premiums may be higher.

Below are the top cost-effective selections for higher limits:

• Cheapest for $750,000: AMCO Insurance at $3,616 per year
• Cheapest for $1,000,000: AMCO Insurance at $5,092 per year

Homeowners should purchase dwelling coverage that equals the replacement cost of their home, not the property value. Use the table below to find cheap home insurance by dwelling coverage in Wyoming.

AMCO Insurance is the most affordable home insurance provider in Wyoming, charging an average of $278 per year for $100K in dwelling coverage. Typically, newer homes in Wyoming are cheaper to insure thanks to their modern materials and adherence to new and safer building codes.

Below is the list of the cheapest providers in Wyoming for new homes by dwelling coverage:

• Cheapest for $100,000: AMCO Insurance at $278 per year
• Cheapest for $250,000: AMCO Insurance at $597 per year
• Cheapest for $500,000: AMCO Insurance at $1,165 per year

To see how costs for new homes can vary based on dwelling coverage, look at MoneyGeek's table below.

For homeowners in Wyoming with poor credit, AMCO Insurance is the most affordable provider, charging $628 per year for $100,000 in dwelling coverage. Home insurance providers use credit scores to ascertain your financial behavior, which can indicate how likely you are to file a claim.

Take a look at the cheapest rates and providers if you have a poor credit score in Wyoming:

• Cheapest for $100,000: AMCO Insurance at $628 per year
• Cheapest for $250,000: AMCO Insurance at $1,369 per year
• Cheapest for $500,000: AMCO Insurance at $2,865 per year

Having poor credit can significantly affect your home insurance rates. In Wyoming, homeowners with poor credit pay an average of $1,341 annually for $100K in dwelling coverage — $469 more per year than those with good credit.

Explore the cheapest providers by credit score in the table below.

If you've had at least one claim in the past five years, AMCO Insurance is the most affordable provider in Wyoming, charging $648 per year for $100K in dwelling coverage. Home insurance providers analyze your claims history to determine the likelihood of you making a future claim, which influences your premiums.

The most affordable home insurance providers in Wyoming for those with at least one claim in the past five years are:

• Cheapest for $100,000: AMCO Insurance at $648 per year
• Cheapest for $250,000: AMCO Insurance at $1,411 per year
• Cheapest for $500,000: AMCO Insurance at $2,953 per year

Having an extensive claims history can significantly impact the cost of your premiums. For instance, homeowners in Wyoming with two claims in the past five years pay $370 more annually than those with no claims at all.

The materials used to build your home can significantly affect the cost of your home insurance. In Wyoming, for instance, a frame-type home with a shake-treated roof is cheapest with AMCO Insurance, costing $575 annually for a policy with $100K in dwelling coverage. However, a home built with better materials may get cheaper premiums.

Take a look at how costs change by dwelling coverage for a frame-type home with a shake-treated roof:

• Cheapest for $100,000: AMCO Insurance at $575 per year
• Cheapest for $250,000: AMCO Insurance at $1,253 per year
• Cheapest for $500,000: AMCO Insurance at $2,622 per year

A superior construction and tile roof may lead to lower premiums in Wyoming, with an average cost of $942 per year. Insuring a frame-type home with a shake-treated roof is $201 less than the average.

The table below shows how rates change based on your home's material type and age.

Having a higher deductible has the potential to save you hundreds per year. For instance, a $100K dwelling coverage policy with a $2,000 deductible is cheapest with AMCO Insurance, costing $450 per year. AMCO Insurance also provides the most affordable premium for the same policy with a $500 deductible, costing $580 annually.

Take a look at how costs can change by deductible with the cheapest providers below:

• $2,000 deductible: AMCO Insurance at $450 per year
• $1,500 deductible: AMCO Insurance at $473 per year
• $1,000 deductible: AMCO Insurance at $495 per year
• $500 deductible: AMCO Insurance at $580 per year

In home insurance, a deductible is an amount you pay before insurance starts paying. Based on our data, choosing a $2,000 over a $500 deductible gives you an average annual savings of $442.

The table below shows how the rates change based on your preferred deductibles:

Bundling home and auto insurance can offer significant discounts, depending on the provider. State Farm provides the most affordable in Wyoming, charging an average of $1,596 annually. Farmers follows with bundles averaging $2,724 per year.

Aside from being more affordable, bundled insurance is easier to manage, allowing you to pay and have contact with just one insurer instead of multiple ones. Explore more about the best home and auto insurance bundle in Wyoming to start reaping the benefits.